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Nutanix, Inc. (NTNX)

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20.66-0.46 (-2.18%)
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  • R
    Raymond
    Brook Dane from Goldman Sachs Asset Management was on The Exchange on CNBC on Friday. He's buying tech stocks right now and made the following points:
    1) Companies are increasing their investment in digital transformation. One example that Dane mentioned is Bath & Body Works, a retailer that is seeing huge challenges from inflation and a tight labor market. In spite of these challenges, they mentioned on their recent earnings call that they're increasing their investment in digital transformation.

    2) The current bear market is creating compelling entry points for tech stocks, especially for smaller companies. Dane's advice is, "Invest in disruptive companies that have huge market opportunities."

    Nutanix is a stock that Goldman likes - it's a disruptive company that has a huge market opportunity. Goldman bought 41,000 shares of NTNX in Q1, and they were holding a total of 914,000 shares as of March 31. Based on the remarks made by Dane today, I'm guessing that they're continuing to add to their position now in Q2.
  • B
    Brian
    Based on CSCO's results, tech companies with measurable business in China are seeing some impact to their top line in the short term. Does anyone have any numbers / info off the top of their head as to what NTNX's exposure in China is? As I recall, it's not that significant.
  • d
    dan
    NTNX, and about a dozen others, was just mentioned as a potential buy out, on TecCheck, just now.
  • R
    Raymond
    In today’s data-intensive business climate, automation is critical to managing and changing IT infrastructure and organizational operations.

    Jointly supported by Red Hat and Microsoft, the Red Hat Ansible Automation Platform on Azure enables IT organizations to automate and scale in the cloud quickly. It offers the flexibility to deliver any application anywhere, without additional overhead or complexity, according to Thomas Anderson (pictured, right), vice president and general manager of the Ansible Business Unit at Red Hat.

    “Whether it’s the edge, cloud or cloud to edge, all of those things, we want to provide users with out-of-the-box Ansible content that allows them to just get up and automate super fast. And doing that on Azure makes it way easier,” Anderson stated. “Ansible is the common automation platform that allows customers to reuse automation across all platforms. The number of things that you can automate with Ansible is in the thousands and thousands.”

    Anderson and Tracie Zenti, director of global partnerships for Red Hat and Nutanix at Microsoft, spoke about this at Red Hat Summit. By adding value together, Zenti believes the Microsoft-Red Hat partnership presents a good customer experience.

    “The partnership with Red Hat has been strong for a number of years,” she pointed out. “I think seven or eight years we’ve been working together and co-engineering — Red Hat Enterprise Linux, which is co-engineered; Ansible is also co-engineered.”

    Managing Ansible should not be a headache for enterprises because the partnership caters to all the heavy lifting, according to Anderson. “It’s a kind of a win-win situation for us and our customers,” he said. “We manage the infrastructure for them, and the customers get to just focus on automating their business. They just worry about using Ansible to automate their infrastructure.”

    The automation rendered by Ansible provides enterprises with ease of use, enabling them to be more innovative. “So it runs in the customer account, but it acts kind of like SaaS … so Red Hat gets to manage it,” Zenti added.
  • R
    Raymond
    Kristen Bitterly, the Head of North American Investments at Citi, was on Closing Bell on CNBC on Tuesday. Cybersecurity is one of the sectors that Citi likes right now.

    The following is from the NTNX web site:
    With Nutanix, security begins with a robust software foundation built for hybrid cloud architectures. Nutanix starts with AOS as a hardened software platform for HCI and then builds on that foundation with features and functions to increase security posture and aid our customers with not just the prevention and detection of security threats but also helps to prevent data loss and ensure continuous business operations.
    *********************************************************
    During Jan-Feb-March, Citi bought 35,000 shares of NTNX, and it sounds like they're still buying now.
  • S
    Slaphappy
    This is what happens when a Country is mismanaged from the top. None of this should have happened. It's gonna be years before this and other stocks recover to even recent highs. There shouldn't have been shut downs to create these supply chain issues, we should be using our own resources as we were a couple years ago, the united states should be a priorty when it comes to financial support not foreign countries, and taxing or threatening to tax the hell out of the biggest job creators in the World doesn't help our Country or this stock market.
  • R
    Raymond
    Jonathon Golub, the strategist at Credit Suisse, was on Squawk Box on CNBC on Thursday. He's bullish, with a year end S&P target of 4,900, which would be a nice gain from where we are now at around 3,900. He noted that the stock market now seems to be pricing in a recession, and said, "There's always a recession in your future. The question is, will it be in 3 months or 3 years." He's more in the 3 years from now camp, and other top Wall St strategist agree with him. Marko Kolanovic at JP Morgan is saying that fears of an imminent recession are overblown. David Kostin at Goldman Sachs cites the strength of recent economic data and says, "A recession is not inevitable".

    Jonathon Golub said today that Credit Suisse is adding to stocks that it likes. In Q1, Credit Suisse bought 16,000 shares of NTNX, and they were holding a total of 210,000 shares as of March 31. My guess is that they're continuing to buy now in Q2.
  • R
    Raymond
    Wells Fargo on Wednesday initiated coverage on shares of ServiceNow (NYSE:NOW) with an overweight rating and a $600 price target, close to $200 above current levels. Wells likes the stock as a play on the digital transformation that most firms are now undertaking.

    A strategist at Wells Fargo, Anna Han, was on Bloomberg TV on Wednesday morning. Han said that Wells is becoming more positive on growth stocks, which have sold off a lot. She said that at today's low level of valuation, it's time to start looking at the growth stocks.

    In Q1, Wells bought 37,000 shares of NTNX, and they were holding a total of 130,000 shares as of March 31, so NTNX is another digital transformation stock that Wells likes. I wouldn't be surprised to see more buying by institutions like Wells and some upgrades for NTNX after they report earnings next week.
  • A
    Azure2020
    Just added to my position. 25% top-line growth annually until 2025 exp. by mgmt., FCF positive soon, <2.5x EV/Sales. NTNX deserves much better IMO!
  • S
    Slaphappy
    Nutanixleader in hybrid and multicloud computing, announced the release of the first cloud-independent multi-database management solution in use. It was 2.0 Extends Nutanix’s database management solution to clouds and clusters to simplify operations, at scale and at lower cost. Nutanix also announced the expansion of support for Postgres and SAP HANA, as well as a joint solution, powered by Era 2.0, with HCL, a leading technology company.
  • R
    Raymond
    Most institutional investors have now filed their 13F. State Street bought 200,000 shares in Q1 and was holding over 3m shares as of March 31. Alyeska, which is in Chicago and not Alaska, bought 750,000 shares in Q1 and was holding over 2m shares as of March 31. Jacobs Levy Equity Management in New Jersey bought 700,000 shares in Q1 and was holding close to 2m shares as of March 31. Morgan Stanley, which is bearish on the market right now, likes NTNX - they bought 400,000 shares in Q1. Goldman Sachs bought 40,000 shares in Q1 and was holding close to 1m shares as of March 31. Goldman is widely followed on Wall St - many other investors watch what they're doing.
  • R
    Raymond
    Red Hat, Inc., the world's leading provider of open source solutions, today announced that the IT industry’s largest commercial open source ecosystem supports Red Hat Enterprise Linux 9, the latest version of the world’s leading enterprise Linux platform. Red Hat Enterprise Linux 9 acts as a common, trusted platform for hybrid cloud innovation, enabling partners to build and deploy any application across physical, virtual, private and public cloud and edge environments to support customers with great flexibility, consistency and reliability as the IT landscape grows in complexity and scale.

    With Red Hat Enterprise Linux 9, Red Hat’s extensive partner ecosystem continues to build new value streams. Red Hat Enterprise Linux 9, the foundational backbone of Red Hat’s’s open hybrid cloud portfolio, is engineered to power critical production workloads spanning the full spectrum of cloud environments. Delivering the flexibility customers requirel, Red Hat Enterprise Linux 9 will be available through major cloud marketplaces, enabling customers to access certified partner applications, in a range of areas such as AI/ML, DevOps, networking and much more, anywhere and everywhere they need to go on Red Hat Enterprise Linux 9.

    “Our joint customers are pleased to see Nutanix and Red Hat deepen our partnership as we simplify the deployment and management of private, public, and hosted cloud environments. The combination of the Nutanix Cloud Platform with Red Hat Enterprise Linux 9 and the Red Hat Ansible Automation Platform speeds deployment and delivers a consistent cloud operating model.”
    Lee Caswell, senior vice president, Product and Solutions Marketing, Nutanix
  • R
    Raymond
    13Fs are now coming in from some of the larger investors. Blackrock added another 117,000 shares in Q1, and was holding a total of 9.7m shares as of March 31. Champlain Investment Partners added another 28,000 shares in Q1, and was holding a total of 5.7m shares as of March 31. Obviously investors that are holding more than 5m shares and adding to their positions like the stock.
  • H
    Henk
    I will leave this board for a while. I am a long term investor, own approx 12k shares at an average price of 24, and I am confident that within a few years ntnx will be a stable, profitable growth company. The cloud market is the largest growth market ever in history and ntnx is well positioned to take their fare share. I know, looking at the current stock price and current market, these are tough times for those investors sitting on a 40 usd average price but at the end of 2022 you will look back at a ntnx stock price of 19-20 usd and cannot believe it has been that low level. Everyone can see that in today’s market even better performing stocks get hit in a way not seem before. It is daydreaming if one expect in this market that ntnx would be able to stable at 24; good times ahead for ntnx, but we need to sit this through, don’t sell now as you will regret it soon! Stay long, enjoy live, be kind and don’t waste time looking at the stock price every hour! Will be back in Oct!
  • A
    Al
    If Nutanix reports good earnings and shows bottom line profitability and the stock does not react positively the stock will never rebound. I know that sounds fatalistic but at that point despite all these institutional investors including Bain Capital the market is telling you their technology is not valued. I hope I am wrong here.
  • J
    Jesse
    Added to this and PSTG today.
  • M
    Mark
    We new a short squeeze was coming. I doubt seriously if investors were selling at this price. Just massive colluding by the high speed computer traders.
  • R
    Raymond
    Margie Patel from Allspring was on Squawk on the Street on CNBC on Thursday. She feels the market selloff has reached a bottom and investors should be buying stocks now. Both the economy and corporate earnings are looking good.

    On Dec 31 Allspring owned a few thousand shares of NTNX, but then during Q1 they came in and bought 975,000 shares, so obviously they think that now is the time to be buying NTNX. Allspring is in San Francisco and probably has good knowledge of what is happening at NTNX. Given the current very low valuation of the stock, I'd guess that Allspring is continuing to add to their position during Q2.
  • M
    Mark
    Most of the small investors are probably kicking themselves for not selling last Sept. If you did good move. But I didn't see the invasion of Ukraine, inflation skyrocketing and a few others.
    Although trading and share price don't seem to correlate. Down a dollar on 500K shares. Makes you wonder what is going on, I don't think real investors are selling at this point.
    Looks like the top institutions are buying more, GI is over 20 million shares, Fidelity and Vanguard added more.
    Institutional investment is over 80% now.
    Nothing to do but sit back and wait for next year. I didn't plan on selling but hoped we would see more progress. But like I said follow the money, GI has almost 1/2 billion in this and adding.
  • A
    Azure2020
    2.5x EV/sales, 25% top-line growth annually until 2025 expected by mgmt. and FCF positive soon. Seems way too cheap at this level. Just added to my position. Long NTNX!